Sono-Tek Corporation reported its financial results for the third quarter and nine months of fiscal year 2025, ended November 30, 2024. For the third quarter, net sales decreased 9% to $5.191 million compared to $5.690 million in the third quarter of fiscal 2024. Net income for the quarter was $274 thousand, or $0.017 per share, a 60% decrease from $690 thousand, or $0.044 per share, in the prior year period.
For the first nine months of fiscal 2025, net sales increased by 3% to $15.383 million, driven by increased sales of high ASP production systems, primarily to the clean energy market. Net income for the nine-month period decreased 26% to $946 thousand, or $0.06 per share, compared to $1.285 million, or $0.08 per share, in the first nine months of fiscal 2024.
Sales to the Alternative/Clean Energy market grew 42% to $3.0 million in the third quarter, while Electronics, Medical, Industrial, and Emerging R&D sales experienced declines. The company's backlog remained strong at $10.564 million as of November 30, 2024. Sono-Tek also projected revenue of over $20 million for the full fiscal year 2025 with continued profitability.
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